Thank you very much, Freedinner.
Most people are careless and never ask questions or investigate anything. I don't know why, they probably expect to be bailed out by any g'ment agency no matter what? Esspecially here in Europe where welfare and gov't spending is much higher. I certainly don't trust anyone in the financial system, both persons or institutions. I have worked hard for my money and want to be sure of their well being.
I contacted two Norwegian brokers that offer international trades and asked them who is the official owners of the int'l shares. Within Scandiavia I am the official owner, but outside that all is registered in a depot in a foreign bank in the brokerage's name. I asked the name of the banks: Commerzbank and BNP..... When I asked the brokerage about what happens in a bankruptcy, they basically had no clue and couldn't answer.
Thanks for Degiro. I know them but had forgotten about them. I will contact them today.
If there is a global financial meltdown I think most of the bank will experience the same as in 2008. As far as I can see nothing is better now than it was. European banks I believe are in much worse shape than US banks.
Glad to hear that you think IB is good. I have never read their reports but perhaps a good idea to do so. But I agree with you, I can't understand why they don't offer customers to register shares in their own name for a fee. This must be a piece of cake to do. So there must be some accounting reasons they don't do it?
Most people are careless and never ask questions or investigate anything. I don't know why, they probably expect to be bailed out by any g'ment agency no matter what? Esspecially here in Europe where welfare and gov't spending is much higher. I certainly don't trust anyone in the financial system, both persons or institutions. I have worked hard for my money and want to be sure of their well being.
I contacted two Norwegian brokers that offer international trades and asked them who is the official owners of the int'l shares. Within Scandiavia I am the official owner, but outside that all is registered in a depot in a foreign bank in the brokerage's name. I asked the name of the banks: Commerzbank and BNP..... When I asked the brokerage about what happens in a bankruptcy, they basically had no clue and couldn't answer.
Thanks for Degiro. I know them but had forgotten about them. I will contact them today.
If there is a global financial meltdown I think most of the bank will experience the same as in 2008. As far as I can see nothing is better now than it was. European banks I believe are in much worse shape than US banks.
Glad to hear that you think IB is good. I have never read their reports but perhaps a good idea to do so. But I agree with you, I can't understand why they don't offer customers to register shares in their own name for a fee. This must be a piece of cake to do. So there must be some accounting reasons they don't do it?